Veterinarians earn a median annual salary of $119,100 and earn half as much as physicians, despite spending just as many hours in school, graduating with two-thirds as much student debt, and having higher turnover rates. It's less than that. As a result, there were 0.8 veterinarians per 1,000 cats and dogs. The shortage of veterinarians is even more serious. My niece was studying to become a veterinary technician, but she realized that with three years of training, she could get a job with a limited career path and low pay. She quit the program.
One leader who is thinking about this a lot is Kristin Peck, CEO of Zoetis, an $8.5 billion annual global leader in developing vaccines, medicines, diagnostics and other technologies for pets and livestock. Her customers are veterans, so she is on the front lines, seeking to address the problem through regulation and innovation. “We think we need to create more licenses in veterinary technology so that veterinary technicians can do more things, like give injections,” Peck said. Masu. She argues that with more robust certifications and on-the-job training, technicians can reduce the pressure on veterinarians and create more rewarding careers.
AI also promises to unlock productivity in pet care. In fact, some of the most creative use cases for AI and health technology may first emerge in the animal sector, where patients are unencumbered by privacy laws and other well-intentioned regulations. For example, Zoetis has an AI-powered device that can quickly diagnose diseases from blood, urine, and other samples. Meanwhile, Nina Lee Krueger, CEO of Nestlé Purina Pet Care North America, recently spoke to me about her company's innovations in technology-enabled pet health monitoring. She says, “They want to know, 'Is my pet getting enough exercise?'” Is it eating the right amount? ” she says. My personal favorite is a smart litter box that alerts cat owners to changes in habits that could indicate a health problem. “We know from years of research how important pets are to our mental health,” she added.
If you doubt that, consider that Chewy CEO Sumit Singh allows everyone to bring all their pets to work, including pot-bellied pigs. As he told Michal Lev-Lamb and Alan Murray on a recent Leadership Next podcast, the pet business “used to be a sleepy category,” but technology is making it more accessible to animals, their owners and animals. Individualization and pleasure are becoming the next frontier of innovation as they become possible. and the professionals who take care of them.
Meanwhile, as Alan prepares to move on to his next venture, he receives a number of comments from the CEO about why. luck It's important to them. Here's something that really resonated with me.
luck's thought-provoking content and insightful articles have been a great resource for me and my fellow leaders as we all navigate an increasingly complex landscape. In today's world where we are flooded with a lot of information, luck It helps you stay up to date with market trends, business strategies, and leadership advice.
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top News
FTC targets new mergers
The Federal Trade Commission is suing to block Tapestry's $8.5 billion acquisition of Capri Holdings Inc., saying the deal could affect employee wages and benefits. The merger will bring brands such as Coach, Michael Kors and Versace under one roof. The FTC is trying to more aggressively block megamergers, including the $25 billion merger between grocers Kroger's and Albertsons. wall street journal
European TikTok Survey
The European Commission could order TikTok to suspend its benefits program in the EU, citing concerns about child addiction. TikTok Lite allows users to earn points through activities such as watching videos and following creators. This is the second European investigation into TikTok, following a February investigation into whether the app violated transparent advertising rules. Reuters
tapioca bust
Shares in Chinese bubble tea brand Chabaidao fell as much as 37% in Hong Kong on Tuesday, the first trading day after the city's biggest initial public offering (IPO) so far in 2024. IPO profits in Hong Kong fell to their lowest level in 20 years last year as companies worried about geopolitical tensions and Chinese regulatory scrutiny. China's market regulator said on Friday it would facilitate Chinese companies seeking to list in Hong Kong. bloomberg
around the water cooler
Commentary: A former Airbus technology chief talks about how to fix Boeing Written by Paul Eremenko
The housing market, crowded with baby boomers, is unfazed by rising mortgage rates, and there are not enough homes or sellers for the rest of the generation. Written by Alena Botros
Mr. Musk removed Democrats from Tesla at a critical time.Here's what I bought instead Written by Alicia Adamczyk
Google CEO's new memo on employee activities resonates with progressive villain Coinbase Written by Jeff John Roberts
Gen Z women flock to Uniqlo as mandatory returns to the office force a mix of work and evening attire. Written by Ryan Hogg
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